November 19, 2015 / 11:21 AM / in 2 years

Caisse to buy stake in Bombardier's rail unit for $1.5 bln

Nov 19 (Reuters) - Canadian planemaker Bombardier Inc said Caisse de depot et placement du Quebec, which manages Quebec’s public pension plans, would buy a 30 percent stake in its rail unit for $1.5 billion.

The transaction values the unit, Bombardier Transportation, at $5 billion, Bombardier said on Thursday.

Reuters had reported in October that Bombardier was in discussion with Caisse for a possible investment. (Reporting by Amrutha Gayathri in Bengaluru; Editing by Kirti Pandey)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below